Market price support
Market price support (MPS) is an indicator, developed by the OECD, used in the calculation of Producer and Consumer Subsidy Equivalents (PSE/CSE). MPS is the annual monetary value of gross transfers from consumers and taxpayers to agricultural producers arising from policy measures creating a gap between domestic market prices and border prices of a specific agricultural commodity measured at the farm gate level. Conditional on the production of a specific commodity, MPS includes the transfer to producers associated with both production for domestic use and exports and is measured by the price gap applied to current production. The MPS is net of producer levies on sales of the specific commodity or penalties for not respecting regulations such as production quotas (price levies). In the case of livestock production MPS is net of the market price support on domestically produced coarse grains and oilseeds used as animal feed (excess feed cost).
- This article incorporates public domain material from the Congressional Research Service document "Report for Congress: Agriculture: A Glossary of Terms, Programs, and Laws, 2005 Edition" by Jasper Womach.
Wikimedia Foundation. 2010.
Look at other dictionaries:
market price support — measures that raise prices for fish consumers, e.g. tariffs, tariff quotas, quantitative restrictions, import licensing, etc … Dictionary of ichthyology
price support — ☆ price support n. support of certain price levels at or above market values, as by government purchase of surpluses … English World dictionary
Price support — In economics, a price support may be either a subsidy or a price control, both with the intended effect of keeping the market price of a good higher than the competitive equilibrium level.In the case of a price control, a price support is the… … Wikipedia
price support — A government policy of providing support for certain basic, usually agricultural, products to stop the price falling below an agreed level. Support prices can be administered in various ways: the government can purchase and stockpile surplus… … Big dictionary of business and management
price support — Econ the use of government regulations to keep market prices from falling below a minimum level … The ultimate business dictionary
Dairy Price Support Program — The Dairy Price Support Program is the United States federal program that maintains a minimum farm price for milk used in the manufacture of dairy products. USDA indirectly assures a minimum price for milk by purchasing any cheddar cheese, nonfat … Wikipedia
Price mechanism — is an economic term that refers to the buyers and sellers who negotiate prices of goods or services depending on demand and supply. A price mechanism or market based mechanism refers to a wide variety of ways to match up buyers and sellers… … Wikipedia
Market information systems — (otherwise known as market intelligence systems, market information services, or MIS, and not to be confused with management information systems) are information systems used in gathering, analyzing and disseminating information about prices and… … Wikipedia
price — A fixed value of something. Prices are usually expressed in monetary terms. In a free market, prices are set as a result of the interaction of supply and demand in a market; when demand for a product increases and supply remains constant, the… … Financial and business terms
Market trend — Statues of the two symbolic beasts of finance, the bear and the bull, in front of the Frankfurt Stock Exchange. A market trend is a putative tendency of a financial market to move in a particular direction over time. These trends are… … Wikipedia